The definition of marriage varies according to different cultures, but it is principally an institution in which interpersonal relationships, usually sexual, are acknowledged. In some cultures, marriage is recommended or considered to be compulsory before pursuing any sexual activity.
The result is the annual amortization expense. To amortize the trademark, decrease the trademark's asset value by the annual amortization expense. So if you have a new trademark you are only going to keep for one term, and it is worth $1000, the value of the asset would decrease $100 every year over 10 years.cquired Trademarks. For trademarks acquired through the purchase of a product-line or business, the intangible asset is recorded at its fair value. Fair value is how much something would cost if someone sold the asset to an unrelated party, and neither party was under any compulsion to enter into the transaction.
Total the costs to be amortized, then check the closing statement for any credits or reimbursements that reduce these costs. Deduct credits and reimbursements from the total. Add any additional costs not included in the closing statement, such as legal and accounting fees, registration fees or regulatory fees. The result is the amount to which amortization applies. Read the loan document to determine the life of the loan and the amortization periods. For example, if a loan is payable over a period of 120 months and loan costs are $50,000, divide the amortized costs by 120. In this case, the allowable amortization expense is $416.67 each month. Set up an amortized loan costs account and a contra account for accumulated amortization on the fixed asset section of the balance sheet. Set up an amortization expense account, and debit $416.67 each month as amortization expense.